...as accusers, Desmond Ike-Chima, Mr. Oliver Fejiro of ENigeria News, and Secret Reporters respectively, are known for cyber stalking, blackmailing, and defamation Rashidat Okunlade Writes The attention of BUA Group has been drawn to various false allegations published against the company on some online platforms. BUA Group categorically refutes the baseless allegations of illicit forex dealings with the Central Bank of Nigeria (CBN) from January to March 2016. These accusations, propagated online by Mr. Desmond Ike-Chima and Mr. Oliver Fejiro of ENigeria News and Secret Reporters respectively, are false and entirely unfounded. These individuals, known for their involvement in cyberstalking, blackmail, and defamation, have faced previous arrests (see news report attached) for such misconduct, casting a dark shadow over their credibility. The company emphatically stated that neither BUA Group nor the Chairman of the Group, Abdul Samad Rabiu, received any of the alleged foreign exchange allocations from the CBN during the indicated period. This fact is corroborated by the CBN and the respective banks. Furthermore, in compliance with CBN's regulations, all forex transactions by banks during 2016, were published publicly in national newspapers (some copies attached). These records, still accessible today, provide unequivocal evidence that counters these false allegations. The Group, therefore, challenge Mr. Ike-Chima, Mr. Fejiro, and their sponsors to validate their claims with concrete evidence. The Group urges the public and its stakeholders to disregard these deceptive publications in light of these facts. The Group also engaged the necessary law enforcement agencies and initiated legal action against the perpetrators under the Cybercrime Prohibition Prevention Act, Laws of the Federation, 2015. These are evidence of their false allegations:

BUA COMMENCES PRODUCTION AT ITS NEW STATE-OF-THE-ART 2,400 TONS/DAY GYPSUM PLASTER MANUFACTURING PLANT

…begins distributor registration with an exclusive introductory price of ₦8,000 per bag

By Rashidat Olushola Okunlade

BUA Gypsum Plaster Ltd., a BUA Group company, has commenced production at its newly completed, state-of-the-art Plaster of Paris (P.O.P) and plasterboard manufacturing facility located in Port Harcourt, Nigeria.

The recently completed BUA Gypsum Plaster plant is Nigeria’s largest plaster (gypsum powder) production facility which is set to boost local production, and bridge the ever-increasing demand for plaster whilst reducing reliance on imports of the product into Nigeria.

Speaking on this landmark achievement, Abdul Samad Rabiu, Chairman of BUA Group, said that the commencement of plaster production at the 2,400 tons/day gypsum plaster plant aligns with BUA’s vision to improve the value chain and enhance capacity in the various industries it operates. “The commencement of production at BUA Gypsum Plaster Ltd. marks a significant milestone in our mission to support Nigeria and West Africa’s infrastructure development. With a production capacity of 2,400 tons per day, this facility is poised to serve the housing and construction sectors and go a long way in reducing the reliance on imported gypsum plaster products”, Rabiu said.

Furthermore, in line with BUA’s continued commitment to quality and enhanced customer satisfaction, BUA Gypsum Plaster Ltd is also inviting interested companies and distributors to register for product and distribution access. Distribution will only be open exclusively to registered companies who must have completed their registration by December 31, 2024.

As part of its exclusive launch promotion, BUA has announced that it is offering an unbeatable special introductory price (ex-factory) of ₦8,000 per bag for those distributors who register by December 31, 2024. According to BUA, this exclusive pricing presents an opportunity to empower partners to embrace local manufacturing while enjoying outstanding value.

Companies interested in registration or seeking further information are encouraged to contact BUA’s specialised plaster sales department at plastersales@buagroup.com

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